Villamil: P.R.’s economy has bottomed out, but contraction will prevail
September 8, 2011
Puerto Rico’s economic situation has reached rock bottom, but it may as well be standing on quicksand given the instability of the U.S. economy and subsequent federal cutbacks, the volatility in petroleum prices and a potential deterioration of the housing market once local incentives run out.
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Planning Board green-lights $477M in projects in 4Q ’11
August 11, 2011
The Puerto Rico Planning Board approved an investment of more than $477.2 million in new development projects between April and June that aside from generating new construction, will also create 1,042 jobs, agency President Rubén Flores-Marzán said.
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Scotiabank grants $1.5M loan to build ‘green’ pharmacy in Río Grande
May 18, 2011
Local drugstore operator Farmacia Sally has secured a $1.5 million loan from Scotiabank de Puerto Rico to build a second location in Río Grande that will be completely “green,” company officials said.
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